The Best (And Worst) Cities for Renters

At a time when huge numbers of young people can’t afford to buy their own home, the rental market is booming. The alternative for the so-called Generation Rent isn’t exactly attractive either, though. As more and more people flock to the major cities for bigger salaries and better opportunities, property owners are able to cash in on an often out of control rental market.

The rent burden can be measured by looking at the share of the average household income that the typical rent eats into each month. As our infographic below shows, based on data from RENTCafé the worst place for renters is Mexico City. With an oppressive 60 percent of earnings going to the landlord.

Further north in the U.S., the situation isn’t too much better. With 59 percent of the average salary being poured into rent in Manhattan, the New York borough is the second worst place on the list to be a renter. Those looking to move to LA and San Francisco should be prepared to kiss goodbye to 47 and 41 percent of their pay packet, respectively. Of the cities focused on here, Chicago would be the best bet, at 38 percent.

RENTCafé’s benchmark for burden-free rent is 30 percent. With this in mind, Germany’s cool capital Berlin might be a good option. Alternatively, the city with the best ratio was found to be Kuala Lumpur. Anyone renting in the Malaysian capital will be free to spend up to as much as 80 percent of their income as they so desire.

This chart shows the share of household income required to pay rent in selected cities in 2017.

Infographic: The Best (And Worst) Cities for Renters | Statista You will find more statistics at Statista

5 Hurdles to Buying a Home (NAR Infographic)

Despite steadily improving local job markets and historically low mortgage rates, the U.S. homeownership rate is stuck near a 50-year low because of a perverse mix of affordability challenges, student loan debt, tight credit conditions, and housing supply shortages.

Read more about a new white paper titled, “Hurdles to Homeownership: Understanding the Barriers” released on June 9 in recognition of National Homeownership Month at the National Association of REALTORS® Sustainable Homeownership Conference at University of California, Berkeley.

5 Hurdles to Buying a Home

Not Without My Smartphone

Ten years ago, prior to the release of the first iPhone in June 2007, the world was a different place. There were no apps, no smartphone cameras, we weren’t always online and our attention spans were probably longer than three seconds.

In less than a decade, smartphones have changed our lives in so many ways that it’s hard to imagine how we used to live without them. In fact, many people can’t imagine going a single day without their beloved phone. This is especially true for teenagers according to a recent survey by YouGov. As our chart illustrates, more than half of U.S. teens (age 13 to 17) state that they couldn’t live without using a smartphone for more than a day.

While a smartphone is mandatory these days, other devices are optional for today’s youths. More than a third of those polled by YouGov think they could go more than a week without using a laptop or a tablet.

This chart shows how long U.S. teens think they can go without communication devices.

Infographic: Not Without My Smartphone | Statista You will find more statistics at Statista

The Countries with the Fastest Internet

According to Akamai, South Korea is on top of the world when it comes to fast internet, with an average connection speed of 28.6 Mbps – 9.9 more than the U.S – in Q1 2017. The 18.7 for the United States does though show a marked improvement on last quarter’s 17.2, finally breaking into the world’s top ten.

This chart shows the countries with the highest average internet connection speed in Q1 2017.

Infographic: The Countries with the Fastest Internet | Statista You will find more statistics at Statista